Advanced Banking Reference Process Model: … · The Advanced Banking Reference Process Model...
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The Advanced Banking Reference Process Model (AB-RPM) uses a common language between bank users and solution experts. From day one of a project it provides best banking industry practices by aligning terminology, communication, and level-set processes. OVERVIEW The AB-RPM includes dimensions of bank types (Retail Banks, Corporate Banks and Capital Market Firms) and bank products to generate a unique list of relevant processes for each bank type and product combination. In order to achieve this all processes are grouped according to bank type. The model depicts multiple hierarchies oriented by the banking product lifecycle, which is the next level down from the bank type and product. Non product lifecycle- dependent processes are grouped as cross functions, they are also bank type and product independent. The model is supported by reference process descriptions. The document structures used for this are based on Axxiome’s ABM-S Methodology which uses standard project management methodology as a basis. These process descriptions, in combination with the process list, can be used as an accelerator in knowledge transfer, but also specifically in project scoping, blueprinting and testing. BUSINESS VALUE The AB-RPM is a project accelerator supporting: • Project scoping and scope control • Project preparation • Blueprinting • Testing The model will lower the cost of these phases, but more importantly, it will reduce the risk of a project. With a complete scope definition and a basis to adjust, rather than to reinvent the process flows and content for each new bank, predictability of results increases. The AB-RPM allows clear focus on processes, where the bank truly differentiates itself from its competitors and aligns the remaining processes with best practices. On a system process specification level, it leverages already known processes in software configuration and where possible avoids costly software enhancements. The process model is aligned with international standards and validated in implementations at Axxiome’s customers around the world. Proven global expertise transformed into reusable content. Advanced Banking Reference Process Model: Functional reference and process view Axxiome Advisory Services proven global expertise
Transcript of Advanced Banking Reference Process Model: … · The Advanced Banking Reference Process Model...
The Advanced BankingReference Process Model(AB-RPM) uses a commonlanguage between bankusers and solution experts.From day one of a projectit provides best bankingindustry practices byaligning terminology,communication, and level-set processes.
OVERVIEWThe AB-RPM includes dimensions of bank types(Retail Banks, Corporate Banks and Capital MarketFirms) and bank products to generate a uniquelist of relevant processes for each bank type andproduct combination.
In order to achieve this all processes are groupedaccording to bank type. The model depicts multiplehierarchies oriented by the banking productlifecycle, which is the next level down from thebank type and product. Non product lifecycle- dependent processes are grouped as cross functions, they are also bank type and product independent.
The model is supported by reference processdescriptions. The document structures used forthis are based on Axxiome’s ABM-S Methodologywhich uses standard project management methodology as a basis. These process descriptions, in combination with the process list, can be used as an accelerator in knowledge transfer, but also specifically in projectscoping, blueprinting and testing.
BUSINESS VALUEThe AB-RPM is a project accelerator supporting:
• Project scoping and scope control• Project preparation• Blueprinting• Testing
The model will lower the cost of these phases,but more importantly, it will reduce the risk ofa project. With a complete scope definition anda basis to adjust, rather than to reinvent theprocess flows and content for each new bank,predictability of results increases.
The AB-RPM allows clear focus on processes,where the bank truly differentiates itself from its competitors and aligns the remainingprocesses with best practices. On a systemprocess specification level, it leverages alreadyknown processes in software configuration and where possible avoids costly software enhancements.
The process model is aligned with internationalstandards and validated in implementations atAxxiome’s customers around the world. Provenglobal expertise transformed into reusable content.
Advanced Banking Reference Process Model:Functional reference and process view
Axxiome Advisory Services
p r o v e n g l o b a l e x p e r t i s e
46 “model products” pre-identified and documented • 11 products for Consumer Banking • 17 products for Corporate Banking • 18 Capital Markets products • Total of 146 product variants identified
Four levels in the process model (MacroArea Process; Area Process; Process Group;Business Process) • Four areas of independent process framework
(Distribution, Origination, Renovation Services and Transverse Functions)
• 29 independent process areas (9 Core Process areas and 20 Transverse Functions)
• 33 Core Process groups for Consumer Banking
• 171 Banking Business Processes with 1021 assumptions in the process variants that are specific to the product
• Over 400 Business Process descriptions and specifications predefined in the process system
• More than 10,000 descriptive process steps • View product process and components
associated with the process architecture
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GENERAL FACTS AND FEATURESThe AB-RPM includes important unique content.Axxiome provides a process model description,including a definition for each process step, scopedescription and best practices for each process. All this is grouped by macro process area, processarea and process bundle by product group.
Axxiome provides the following content:
Process model for the generic banking industry • Descriptions of predefined business processes
and system specifications in the process • Aligned with content semantics and the Banking
Industry Architecture Network (BIAN) model • Mapping to ASAP 7.0 and 8.0 methodology for
Banking • Aligned with SAP Solution Manager application
management solution and ARIS model • Accelerator for scope definition, process
and design blueprint and with system process specification content included in the expert AB-RPM services
Definitions for 3 concepts of banking • Consumer Banking • Corporate Banking • Capital Markets
Banking Industry Type
Macro Process Areas Distribution
Consumer Banking Corporate Banking Capital Markets
Origination and Renewal ServicingProcess Areas Pre-sales Sales
Asset Accounting Material Management Human Capital Management Enterprise Consolidation Real Estate Management Corporate Treasury Management
Dispute Management Business Planning and Simulation
Governance Risk and Compliance Legal Assurance
Customer Data Management Market Data Reconciliation Org. Structure and Approval Finance Analytics Risk Analytics Marketing Analytics Central Bank Reporting Tax Authority Reporting Legal Reporting
Offer Management Underwriting Fulfillment Transaction Handling
Account Management
Process Areas
Macro Process Areas
Current Account Savings Time Deposits
Syndicated Loans Lines of Credit Commercial Loans
Treasury Services Trade Finance Receivables Processing
Cash Management Trust Services Payables Processing
Offshore Services Vault Services Correspondence Bkg.
Tax Management Cash Inventory and Logistics
Fixed Incomes Equities Commodities
Fund Distribution Derivates Fund Management
Trust Management Portfolio Management Tax Deferred Plans
Dealer Workbench Market Making Crop. Trust Advisory
Foreign Exchange Custody Services Trading Book Oversight
Tax Management Offshore Services Margin Services
Collaterals Operational Services
Current Accounts Savings Time Deposits
Retirement Plans Leasing Overdraft Protection
Unsecured Loans Consumer Loans Secured Loans
Balance Carrying Cards Vault Services
Cross Functions
Process Bundles
Business Processes
Market Product Management Opportunity Management Offer Management Underwriting Fulfillment Transfers Check Processing Contract Management Registered Plan Processing Periodic Tasks Collateral Servicing
Accounting Preparation Processes
Sales Planning Payments Special TransfersClient Limits Management
Savings ManagementPosting Lock Management
ManagementInventory Management
Targeted Marketing Precious Metal Handling Special ProcessAlerts and
NotificationsCard Processing
Customer EducationSettlement and Reconciliation Cash Handling
Posting Control Management
Loan Loan Management
Time Deposit
Interest and Fees Settlement
Collection Management
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ABOUT AXXIOME Axxiome is a global solutions provider for the financial services industry with operations in Europe, North America, Latin American, and Asia Pacific. Axxiome excels in linking legacy banking platforms with modern solutions and is considered a leader in banking and insurance transformation projects across the globe. Axxiome’s professional consultants are experienced in technical and advisory services and bring innovation and knowledge to customer projects.
Axxiome offers an Advanced Banking Platform that follows industry best practices and delivers pre-engineered and rapidly deployable end-2-end banking solutions to customers, which minimizes the impact and interruption to operations and business processes.
To learn more about Axxiome and the complete suite of offerings and services, visit www.axxiome.com
Axxiome Advisory Services
ADVANCED BANKING - REFERENCE PROCESS MODEL OVERVIEW
